Content tagged with Asset Management posted in October 2012
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JPMorgan Sues Former London Whale Boss
JPMorgan Sues Former London Whale Boss
Wall Street Banks Still Reeling From Hurricane Sandy
Two days after Hurricane Sandy wreaked havoc on the East Coast and killed 18 people in New York City, Wall Street banks and their CEOs are dealing with the damage. Here is a look at who has been affected.
Goldman Sachs Buildings In Eye of the Storm (Photos)
Damage in the immediate area of one of its buildings was significant.
Is the iPad Mini Really A Game-Changer For Wall Street Execs?
As the iPad Mini hits stores on Friday, we look at whether Wall Street executives should upgrade their tablet.
Facebook IPO Fallout: Citi Fined $2 Million, Fires Two Analysts
Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO.
Citi Fined $2 Mln By Massachusetts Over Facebook IPO
Massachusetts fined Citigroup
$2 million to settle charges that two bank analysts
improperly released confidential information about Facebook's
financials before the technology company went public.
Legg Mason Profit Up With First Net Inflows Since 2007
Asset manager Legg Mason Inc said
on Friday quarterly profit topped expectations as the company
reported its first quarterly net inflows of client funds since
2007.
Despite Recent Struggles, HFTs Still Have the Advantage
Although high-frequency trading has wobbled a bit in the wake of weak U.S. equity trading volumes, industry consultant Haim Bodek argues on TabbForum that the market's structure remains tilted in their favor.
My Actions Were Not Fraudulent, Says UBS "Rogue Trader"
Accused UBS "rogue
trader" Kweku Adoboli said on Friday he did not believe his
behaviour had been fraudulent and it was unfair to suggest that
his previous jobs in the UBS back office had given him the
knowledge and skills to commit fraud.
Why The U.S. Government Should Not Be Suing Bank of America
It's not the first time the government is targeting big banks, but it's probably not the right approach either.
Fee Pressures Drain Revenue at Big Asset Managers
Two big asset managers reported quarterly
revenue declines on Thursday as investors moved into lower-fee
fixed-income funds.
UBS To Cut Thousands of Jobs in Investment Bank, Information Technology
The Swiss bank has been hard hit by stricter capital rules and massive rogue trading loss.
The Buy Side Wrestles with the OMS-EMS Dilemma
In the midst of a bad economy and lower trading volumes, the buy side balances the need to cut costs and consolidate OMS and EMS platforms, while chasing the best integrated solution.
The Rich Bail Out of Changing Hedge Fund Industry
Rich private investors are turning their backs on hedge funds because moves to attract conservative pension fund clients mean managers no longer deliver big returns.
The Rich Bail Out of Changing Hedge Fund Industry
Rich private investors are
turning their backs on hedge funds because moves to attract more
conservative pension fund clients mean managers no longer
deliver the big returns they crave.
Goldman Sachs Vs Greg Smith: Wait, Where's The Battle?
More details of Smith's tell-all book have emerged, just as Goldman hit back at the allegations. But is this really a battle?
Bond Trading Gains Fuel Morgan Stanley Results
Morgan Stanley reported better-than-expected adjusted quarterly earnings as it boosted revenue from trading bonds.
Latest PDQ Trading Algorithms Take Aim at Costs, Speed
In a low volume equity trading environment, PDQ says its new algos will help retail and institutional investors cut costs and speed up their executions.
Insider Trading: Gupta Pleads To Go To Rwanda, Not Jail
Gupta's lawyers argue that a lengthy prison sentence isn't necessary. But perhaps Rwanda isn't right for him either.
Investigators Launch New Round of MF Global Exec Interviews
U.S. authorities investigating the collapse of MF Global have called in former executives of the failed commodities brokerage for additional interviews.
SS&C Technologies Launches Service for Post-Trade Activities
GoTrade+ is a middle office service that supports post-trade activities of complex traded transactions including bilateral and cleared OTC derivatives.
GETCO Expands Algorithmic Trading Tools For Institutional Investors
The firm said its GETAlpha algorithmic trading tools now include six new strategies.
Head of CEO Group Urges Compromise on U.S. Fiscal Cliff
Arguing that uncertainty over Washington's year-end "fiscal cliff" is choking off investment, the head of the most prominent CEO lobbying group called on Congress to compromise.
Why Did Citi’s Vikram Pandit Suddenly Quit?
The abrupt departure of Pandit as well as Citi's COO, John Havens, has fueled speculation about what's been going on behind the scenes.
Form PF: Lessons Smaller Asset Managers Can Learn From First Filers
The experiences of the largest investment managers can serve as helpful guideposts for smaller investment managers whose filing deadlines still remain on the horizon.
Déjà Vu for the Market as the Black Monday Crash of '87 Turns 25
There are several parallels between how participants responded to major market crashes in 1987 and 2008, including calls for more transparency, and a significant reshaping of market structure.
Would Traders Want OMS/EMS Access on an iPhone?
Mobile apps for iphones and tablets are starting to emerge in the OMS/EMS space, so that buy side traders can place a trade, rebalance a portfolio or check compliance.
How To Drive Down IT Spending
While regulation places increasing pressure on firms’ technology and data volumes continue to skyrocket, how can firms limit their IT spend?
Genworth to Sell Wealth Management Business
Genworth Financial Inc
plans to sell two of its businesses, including its wealth
management business, in an effort to raise capital, according to
three sources familiar with the situation.
Would Traders Want OMS/EMS Access on an iPhone?
Mobile apps for iphones and tablets are starting to emerge in the OMS/EMS space, so that buy side traders can place a trade, rebalance a portfolio or check compliance.
Fund Firms Cut Back on New ETFs
Fund companies are growing more wary of introducing new ETF, and are killing those that have not caught on.
Mortgage-Backed Securities Once Again A Good Bet for Hedge Funds, Asset Managers
With the U.S. housing market appearing to have turned the corner, along with the Fed planning to buy mortgage bonds every month, the outlook for mortgage-backed securities appears bright.
Fund Firms Wary of Introducing New ETFs
Fund companies are growing more
wary of introducing new exchange-traded funds, and more willing
to kill those that have not caught on, as they grapple with a
price war in an overcrowded $1.2 trillion market dominated by
the three largest providers.
Obama Not 'Anti-Business'-Carlyle's Rubenstein
Carlyle Group LP co-founder David
Rubenstein said President Barack Obama's economic plans are not
anti-business, countering criticism from his Republican rival
Mitt Romney, who like Rubenstein is a veteran of the private
equity business.
Why Didn't Microsoft Add OMS Functionality to Excel?
It sits on nearly every trader’s desktop and raises
the question: Why didn’t Microsoft add a “Buy” button to its
famed spreadsheet and analysis tool?
How Do You Get The Biggest Bonus On Wall Street?
It hasn't been an easy year for Wall Street, but some finance professionals are going to have a good bonus season, according to a new survey.
Hedge Funds Cut Trading Desk Budgets —Study
With a prolonged slump in trading activity, 44 percent of hedge funds responding to a Greenwich Research study said 2012 trading desk budgets were reduced from 2011.
Change Comes to OMS/EMS Space Amid Weak Trading Volumes
Asset managers are wrestling with technology costs and are looking for ways to "rationalize" their expenses for order management and execution management systems.
More Management Reshuffling at JP Morgan After Multi-Billion Dollar Trading Loss
Several top executives have left the bank this year following the firm's massive trading snafu.
Big Funds Seek to Rein in Pay at Wall Street Banks
The days when Wall Street banks could
blithely hand out half their revenue in compensation to their
staff without a murmur from shareholders have come to an end.
Europe Braces for Return of Germany's "Madame Non"
German Chancellor Angela Merkel is hardening her stance on additional help for struggling euro zone economies like Greece and Spain as looming elections shrink her room for maneuver in Europe.
Another Dark Pool Scandal Erupts Over Information Sharing
The SEC's settlement with dark pool operator eBX over charges that Level ATS shared confidential client information with a third-party technology provider, raises trust issues for money managers.
Why the World Needs an Integrated OMS and EMS
The pursuit of new opportunities and a sense of obligation has the buy side looking for a new way to execute trades.
Dark Pool Settles SEC Charges of Failing to Guard Data
Dark Pool Settles SEC Charges of Failing to Guard Data
SEC Fines Boston-Based Dark Pool For Not Protecting User Info
The regulator said eBX LLC improperly shared its subscribers' unexecuted orders with an outside technology firm.
Outdated Portfolio Accounting Systems Stifle Growth — Poll
Buy side executives responding to a SimCorp poll feel that their portfolio accounting systems may not support the launch of new products or major asset classes.
With More Fixed Income Assets to Manage, Automation Key For the Buy Side
Asset managers now have more fixed income assets to manage across disciplines and markets, placing more pressure on all phases of trade processing.
Goldman, Credit Suisse Emerge From Crisis As Top Providers of Brokerage Services
A survey by data group Hedge Fund Intelligence covers names Goldman as the leading
"prime broker."
NY Sues JPMorgan Over Bear Stearns Mortgage Securities
New York Attorney General Eric
Schneiderman filed a civil fraud lawsuit against JPMorgan Chase
& Co on Monday over mortgage-backed securities packaged
and sold by Bear Stearns.
Monash Investors Adopts Imagine Portfolio, Risk Tools
The Australian fund manager adopted the new solutions to run Va, Monte Carlo and scenario analysis.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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